NEW YORK, August 14, 2019 – Inc. magazine today revealed that TORO TAXES is No. 2222 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“The fact that Toro Taxes is able to say we made the Inc. 5000 list for the second time is an amazing accomplishment in itself; but what’s truly humbling is to be featured shoulder to shoulder amongst so many great companies and their leaders whom I personally admire.” Nick Maldonado - CEO

Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”

The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.

Toro Taxes was originally founded by Nick Maldonado (CEO) & Oscar Toro (COO) in Las Vegas Nevada late 2009. Entering the franchise world in 2014, they quickly expanded to over 100 locations across 9 states becoming the largest & youngest Latino Tax Franchise in the nation.

In early 2019, Toro Taxes merged with Los Taxes, the original U.S. established Latino Tax Franchise.

Javier Solis, founder of Los Taxes, now sits as the east coast COO on the Toro Taxes executive team.

Los Taxes converted all their existing stores to the Toro brand. Together, the two companies instantly increased their territories to approximately 140 locations encompassing 17 states. Their merger and combined resources captured the industries attention resulting in the raising of several million dollars in investment capital.

Over 70 new franchisees have committed to new locations in the last 90 days alone. These new businesses are scheduled to open by January 2020 in various new territories throughout the country.

What’s the secret? They created a sophisticated infrastructure and replicable business model; then introduced it to the underserved and niche Latino Market.

Toro Taxes has created a system where aspiring entrepreneurs can join the multibillion-dollar tax industry with no experience or accounting background requirements. This ability is accredited to their sister company “LatinX Training Centers”. Using the same existing training platforms previously available only to Toro Tax franchisees, now open to the public with eleven schools located in key territories and online for the rest of the country.

The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

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